Stacks Price Prediction 2023-2030: Will STX Price Hit $1.5 Soon?

• Bullish STX price prediction ranges from $0.200 to $1.5.
• Analysis suggests that the STX price might reach above $1.2550.
• The STX bearish market price prediction for 2023 is $0.2235.

What is Stacks (STX)?

Stacks is a Bitcoin layer for smart contracts; it enables smart contracts and decentralized applications to trustlessly use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. DApps are open and modular, which means that developers can build on top of other’s apps to create capabilities that are impossible for regular apps. Since Stacks employs Bitcoin as its foundation layer, all network activity is settled on the most popular and perhaps most secure blockchain.

Stacks leverages BTC functionality by directly linking to the Bitcoin blockchain using its proof-of-transfer (PoX) consensus mechanism, which requires miners to pay BTC to mint new Stacks (STX) tokens. 

The initial version of Stacks, launched in early 2021, introduced the Bitcoin settlement of transactions, the “Clarity” language for safe contracts that can respond to Bitcoin transactions and atomic swaps of assets with BTC.

However, the next major proposed upgrade of Stacks, the Nakamoto release (expected 2023), adds important capabilities that will enhance the power of Stacks as a Bitcoin layer: (a) a decentralized, two-way Bitcoin peg to move BTC in/out of the layer and write to Bitcoin, (b) transactions secured by Bitcoin finality, and (c) fast transactions between Bitcoin blocks.

” According to the Stacks white paper, it has the following innovations that make it unique:

• S – Secured by the entire hash power of Bitcoin (Bitcoin finality).
• T – Trust-minimized Bitcoin peg mechanism; write to Bitcoin.
• A – Atomic BTC swaps and assets owned by BTC addresses.
• C – Clarity language for safe, decidable smart contracts.
• K – Knowledge of full Bitcoin state; read from Bitcoin.
• S – Scalable, fast transactions that settle on Bitcoin. “

Stacks (STX) Market Overview

Analysts’ views on Stacks (STX)

Crypto trader and investor EliZ¥ tweeted that Stacks was showing a good reaction with a higher high albeit Security Exchange Commission taking on Changpeng Zhao. 

The chart below shows how STX tested the upper trend line on what seems to be a falling wedge. 

A crypto analyst and researcher explaining about Stacks (STX) is worth reading on how people are investing on STX.

Also analysts and investors are getting the STX spot bag around $0.3211 which is a golden place to buy.

Stacks (STX) Current Market Status

Stacks has a circulating supply of 1,383,367,425 STX coins, while its maximum supply IS 1,818,000,000 STX coins, according to CoinMarketCap. At the time of writing, STX is trading at  $0.6284 representing 24 hours decrease of 1.98%. The trading volume of STX in the past 24 hours is $279,422,046 which represents a 39.78% increase.

Some top cryptocurrency exchanges for trading STX are Binance, OKX, Bitrue, LBank, and Bybit.

Now that you know STX and its current market status, we shall discuss the price analysis of  STX for 2023.

Stacks (STX) Price Analysis 2023

Currently, Stacks (STX) ranks 50 on CoinMarketCap. Will STX’s most recent improvements, additions, and modifications help its price go up? First, let’s focus on the charts in this article’s STX price forecast.

Stacks (STX) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility. 

When Bollinger bands are used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical law. 

The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. The green rectangles show how STX retraced after touching the lower band (oversold).

When considering the above chart, we could see that Stacks has been moving in a zig-zag pattern inside the Bollinger bands. On the two occasions when the bands expanded as shown in the chart, we could see that STX increased by approximately 227.5% and 140% as shown in the chart. However, since the beginning of April, the Bollinger bands are sloping downwards. 

Moreover, the bandwidth indicator shows that there have been very fine adjustments to the bandwidth. We could see that the price action has been reduced from 140% to 30% and then to 24%. Since the line on the Bandwidth indicator is facing downward, we could expect the bands to squeeze further. 

The Bandwidth indicator currently reads a value of 0.18. However, 0.14 has been the place where the indicator has turned its direction up. Hence, we may see the bands squeeze until the bandwidth indicator shows 0.14. During, this period of time we could expect the price action to shrink to 16.73%, based on the previous observation.  

Meanwhile, as STX has touched the upper Bollinger band, we could expect it to retrace and fall back close to the SMA, and eventually touch the lower band. Since the STX price action has been constrained, traders may want to focus on volume. 

Stacks (STX) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish; if it’s below the SMA, it is bearish. 

Currently, the RSI is above the Signal, hence, STX is bullish. STX’s RSI is currently at 54.09. Since it’s neither overbought nor oversold, we could say that the trend is strong. However, as the RSI is titling upwards, we may see it reach the overbought region. 

The Stochastic RSI measures the strength or the weakness of the RSI indicator. As such, it compares the current RSI with the range of past RSI values for a specific period. The StochRSI comes in handy when the market is moving sideways. Since it is sensitive to the smallest RSI movements, it could be used to find out whether the RSI is overbought or oversold when there are sideways movements. 

The Stochastic RSI reads a value of 70.07, and the line is heading towards the overbought region. As such we may see the RSI rise further before it starts to fall. 

As per the RSI Support and Resistance by DGT, we could see that STX has received support from the bear zone (Red Line). We could see it rising after receiving help from the bear zone. As such, we could expect it to reach the bull zone (light green). Furthermore, if the RSI is above the Signal line when STX increases, then we could expect STX to break the bull zone and reach the Crossover overbought region (dark green). 

The bull zone presents an excellent entry point for buyers who expect the prices to rise to the Crossover Oevrbought region. Moreover, we could expect STX to crash and fall down in value. When the preceding happens those shorting may want to enter the market at the Crossover Overbought and set their take profit close to the Crossunder Overbought. 

Stacks (STX) Price Analysis – Moving Average

The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements. 

The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average. 

In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.

Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs. 

Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash. 

Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish (Red rectangle). Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish (Blue triangle section).

Currently, we could see that STX has been rebounding on the 200-day MA and it has reached the 50-day MA. As such we could expect it to rise above the 50-day. However, as per its zig-zag movement, we may see a price correction. During this correction phase, we may see it seeking support from the 200-day MA. 

In the event that the 200-day MA fails to support STX, then it would seek assistance from $0.4142, $0.3163, or $0.2069. 

Stacks (STX) Price Analysis – Elder Force Index

Elder Force Index is an indicator that was invented by Alexander Elder, who was an entrepreneur. The indicator mainly uses two parameters to adjudicate the buying and selling force and thereby predicts the market trend. In particular, it relies on price change and volume. As such the strength of the buying force or selling force is dependent on either the price change or the volume. 

Whenever the EFI is greater than zero, or positive, we could say that the trend is bullish, as there is more buying pressure. However, when the EFI is in the negative zone, we could say that the cryptocurrency is in the negative zone and the selling pressure is more.

Moreover, the Elder Force could also be used to figure out trend reversals and breakouts. For instance when the EFI is making lower highs while the cryptocurrency is making higher highs, then we could say that this is a bearish divergence. However, in the event that the cryptocurrency is making lower lows while the EFI is making higher lows, then it is a bullish divergence represented in the chart. 

Currently, the EFI shows a reading of 504.242K. Nonetheless, the line is slanting towards the zero line. As such we may see the selling pressure increase and as a result, the price of STX may depreciate. However, the Bear Bull Power (BBP) indicator is in the positive region and it is rising. It is at 0.0658 at press time, and heading higher in the positive zone. 

Moreover, the above chart shows that the buying volume has reduced quite significantly after the formation of a large green bar. It could be that the buyers are dormant to let the STX reach the bottom before entering the market. As such, it would be advisable to enter the market after there is an equilibrium. 

Stacks (STX) Price Prediction 2023-2030 Overview

Stacks (STX) Price Prediction 2023

When considering the above chart, we could see that Stacks has been fluctuating in a congested falling wedge since April. It has been making lower lows and lower highs as the range has been shrinking. 

As per the books, STX should surge once it breaks out of the wedge. Currently, STX is very close to the upper trendline and in fact, it has touched the upper trendline. If it breaks the wedge right now, we may see surge Resistance 1 at $0.85. 

The above thesis could be justified by the best practice of trading a falling wedge. That is by taking the height of the wedge in the early days of its formation and setting it at the breakout point, expecting the price to surge by the height of the wedge. 

However, when the past behavior of STX is considered, we could see that from the current position where STX is, it surge to Resistance 3 at $1.25. Hence, we could expect it to reciprocate this behavior once again. 

On its way up, STX may experience some friction at Resistance 2 ($1.025). If at this point the bears are able to stop the bulls’ rampant march, then STX may settle there.

Long position holders may want to set their entry point at the verge of STX breaking the wedge. Moreover, they may set their take profit as per their discretion near Resistance 1, 2, or 3. However, they may need to give STX some room for correction, as such they may need to consider having their stop loss near the lower trend line. 

Meanwhile, there is also the possibility of STX landing on support 1 at $0.5455. It may be before the breakout. If that is the case then Support 1 would be an excellent entry point. If support is denied at Support 1 then we may see STX reach for support at the weak support at $0.4315 and surge. In the event that support is denied there too then it may tank to Support 2 at $0.2235.    

Stacks (STX) Price Prediction – Resistance and Support Levels 

When considering the chart above, we could see that STX was heavily dependent on the 2:1 Gan line and 3:1 Gann line for support. Moreover, although STX tested and broke above the 1:1 Gann line in May 2021, it wasn’t able to stay there for a long time, as such, it crashed and received support from the 3:1 Gann line, which propelled to the 2:1 Gann line. However, STX is currently falling between the 4:1 and 3:1 Gann lines. Since it has been making lower lows after testing the 4:1 Gann line, we may see it reaching for support at the 3:1 Gann line.  

Stacks (STX) Price Prediction 2024 

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum STX based on the previous halving. Hence, we could expect STX to trade at a price not below $1.65 by the end of 2024.

Stacks (STX) Price Prediction 2025

STX may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, STX will continue to rise in 2025 forming new resistance levels. It is expected that STX would trade beyond the $4.05 level.

Stacks (STX) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, STX could tumble into its support regions. During this period of price correction, STX could lose momentum and be way below its 2025 price. As such it could be trading at $1.5 by 2026. 

Stacks (STX) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, that excitement has not been reciprocated in STX. As such, we could expect STX to trade just below its 2026 value at around $1.88 by the end of 2027. 

Stacks (STX) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, STX may reciprocate its past behavior during the BTC halving. Hence, STX would be trading at $2.35 after experiencing a considerable surge by the end of 2028. 

Stacks (STX) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment, STX could be trading at $5.1 by the end of 2029.

Stacks (STX) Price Prediction 2030

After witnessing a bullish run in the market, STX and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, STX could be trading at $4.05

Stacks (STX) Price Prediction 2040

The long-term forecast for STX indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then STX could fall in value. It is expected that the average price of STX could reach $7.65 by 2040.

Stacks (STX) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, STX could hit $11.15

Conclusion

If investors continue showing their interest in STX and add these tokens to their portfolio, it could continue to rise. STX’s bullish price prediction shows that it could reach the $1.255 leve

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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